This press release is being disseminated as required by National Instrument 62‐103 ‐ The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report (the “Early Warning Report”) regarding the acquisition of securities of Playmaker Capital Inc. (TSX-V: PMKR) (“Playmaker”), by Jordan Gnat, Chief Executive Officer of Playmaker, and certain of his affiliates.
Since June 3, 2021, Mr. Gnat and his affiliates have acquired 250,000 Common Shares of Playmaker in the secondary market with an aggregate value of CAD$187,003. Mr. Gnat acquired 150,000 of the Common Shares on September 3, 2021 at a price of CAD$0.68 per Common Share and Mr. Gnat and affiliates of Mr. Gnat acquired 100,000 of the Common Shares on November 18, 2021 at an average price of CAD$0.85 per Common Share (the “Transactions”).
Immediately prior to the Transactions, Mr. Gnat owned or exercised control or direction over 26,569,781 Common Shares, representing approximately 13.3% of the issued and outstanding Common Shares and 3,050,000 options to purchase Common Shares (each, an “Option”).
Following the Transactions, Mr. Gnat will own or exercise control or direction over 26,819,781 Common Shares, representing approximately 12.7% of the issued and outstanding Common Shares. Should Mr. Gnat exercise all of the Options that he owns or exercises control or direction over, he would hold 29,869,781 Common Shares, representing approximately 13.9% of the issued and outstanding Common Shares (on a partially diluted basis).
The Common Shares were acquired for investment purposes. Mr. Gnat will evaluate his investment in Playmaker from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease his shareholdings as circumstances require through market transactions, private agreements, or otherwise.
A copy of the Early Warning Report to be filed by Mr. Gnat in connection with the transactions described above will be available on Playmaker’s SEDAR profile at www.sedar.com.
The head office of Playmaker is located at 2 St. Clair Ave, West, Suite 601, Toronto, ON M4V 1L5 and Mr. Gnat’s address is c/o Playmaker Capital Inc., 2 St. Clair Ave, West, Suite 601, Toronto, ON M4V 1L5.
To obtain a copy of the Early Warning Report filed under National Instrument 62-103, please contact one of the media contacts listed at the bottom of this press release.
TSX VENTURE EXCHANGE DISCLAIMER
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT PLAYMAKER
Playmaker (TSX-V: PMKR) is a digital sports media company that lives at the intersection of sports, betting, media and technology. Playmaker is building a collection of premier sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers.
For more information, visit: http://www.playmaker.fans or contact Playmaker Chief Executive Officer Jordan Gnat via email jgnat@playmaker.fans.
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